Only listed bonds which are rated &ldquo;AA&rdquo; and above and have original maturity of at least one year can be used collateral in the repo market, RBI said in a notification.

Repo deals with corporate bonds as collateral from March

Business Standard

China raised the proportion of deposits that banks must set aside as reserves to cool the world&rsquo;s fastest-growing major economy as a credit boom threatens to stoke inflation and create asset bubbles.

China raises banks' reserve ratio to cool economy

The rupee today appreciated by 2 paise to 45.69 a dollar in early trade in line with other firming Asian currencies.

Rupee gains 2 paise at 45.69/$ in early trade

Press Trust of India

A hedge fund manager called 'Tipper X' in the insider-trading case involving hedge fund Galleon Group founder and billionaire Raj Rajaratnam could lead prosecutors to implicate more people in the case, a media report has said.

Now Tipper X in Rajaratnam case; bail bid turned down

The US regulator, Securities and Exchange Commission (SEC) is set to name chiefs for five new specialised investigative units, advancing a key aspect of the agency's effort to rebuild its enforcement programme, says a media report.

'SEC to name investigative chiefs of 5 units'

Credit growth of banks remained at 13 per cent for the fortnight ended January 1 compared to 24 per cent in same period a year ago.

Banks credit offtake rises 13.34%

The government-owned Union Bank of India (UBI) has initiated preliminary discussions with 3-4 small-sized Indonesian banks for possible acquisition, a top official said.

UBI in talks with 3-4 Indonesian banks for acquisition

Outflows fell 16.4 per cent in April-Sept 2009 compared to the year-ago period.

Slowdown hits India Inc's overseas investments

Portfolio flows are continuing their buoyant run in the new year.

Re rides high on capital inflows

Future Generali India Life Insurance, a joint venture between Future Group of India and Generali Group of Italy, is looking at a first premium income of Rs 750 crore for the the present financial year.

Future Generali eyes Rs 750-cr 1st premium income

Automed Systems, which set up its Probiosys Center for Excellence (CoE), aims to raise funds to scale up the CoE for Rs 40-50 crore. It has invested Rs 8 crore on the CoE.

Automed may raise Rs 40 cr

Mumbai-based realtor, Sunil Mantri Group, is planning to invest Rs 500 crore for its upcoming projects in Bangalore. With a positive sentiment returning to the IT sector, the company is planning its projects around IT strongholds in the city expecting demand for mid-segment flats to rise.

Sunil Mantri Group to invest Rs 500 cr

The last fortnight of 2009 brought back smile on the face of bankers, as outstanding credit in this period grew at the quickest pace in the financial year so far.

Credit offtake heads north in last fortnight of 2009

Ahead of State Bank of India&rsquo;s proposed bond issue for retail investors, the Reserve Bank of India (RBI) today asked banks to ensure floating rate instruments were delinked from fixed-deposit rates.

RBI cautions banks on retail bond issues

India&rsquo;s 10-year bonds gained the most this week, as yields near the highest levels since October 2008 attracted investors.

Bonds gain as yields near 15-month high lure investors

The government is likely to relax the proposed norms on minimum alternate tax (MAT) for insurance companies. The finance ministry is expected to accede to the insurance industry&rsquo;s demand and treat insurance companies at par with banks under the new Direct Tax Code.

Insurance companies may get MAT relief in new tax code

Government-owned Union Bank of India has initiated preliminary discussions with three-four small-sized Indonesian banks for a possible acquisition, a top bank official said.

Union Bank in talks to buy Indonesian banks

The government has shortlisted around 40 general managers (GMs) from public sector banks to be interviewed for promotion as executive directors (EDs). The government will select 16-17 EDs from this list, the interviews for which will be held in February.

40 shortlisted for bank ED jobs

GMAT model finds favour with banks

The rupee today gained 21 paise at 45.40 against the dollar in late morning trade on persistent selling of dollars by banks due to the American currency's weakness in the global market and on hopes of more capital inflow into equity markets.

UPDATE: Rupee gains by another 21 paise vs $

South Indian Bank (SIB) reported a 15.8 per cent increase in net profit at Rs 62.46 crore in the third quarter of current financial year as compared to Rs 54.20 crore in the same period of last fiscal.

SIB Q3 net up 16% at Rs 62 cr

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